Tag: Eow

Furnishing details, Joint Commissioner of Police (Economic Offences Wing) Chhaya Sharma said the accused through his Company Asian Developers Pvt Ltd advertised for the booking of flats/shops at Sector-2, Bawal, Rewari, Haryana in 2012.

Dipak, against whom a lookout notice was issued, was arrested from Luludiha area in Sundergarh district while he was trying to flee the State. He will be produced before the SJDM court in Bhubaneswar today.

It has also been ascertained that Amrita, wife of Deepak Kindo and the Director of Diya Diary Agro Processor Pvt. Ltd, is a sister concern of Sambandh Finserve Pvt. Ltd.

Gahlot was arrested by the EOW from Sector-23 Dwaraka in New Delhi on December 18. He was subsequently produced before Metropolitan Magistrate, Dwaraka on December 19 and the court had allowed him 5 days transit bail with direction to appear before the trial court –SJDM Bhubaneswar- on or before December 24, 2021.

"Between 18-20 lakh investors invested their money in the Corporate Debtors' investment schemes. An amount of approximately Rs 7,500 crore was collected. However, most of the investors never received the returns promised to them. The money invested was siphoned off or diverted to associate concerns of RTSCL and CCIL," said the note. In 2012, the SEBI began investigating the ponzi scheme.

Bhubaneswar: Jyoti Ranjan Beura alias Golden Baba used to lure businessmen and companies with fake business and income tax filing documents to raise money. Such details emerged after EOW of the Odisha Crime Branch seized incriminating documents during a search of Golden Baba’s house. Sources said Golden Baba had set up nine group companies on […]

Bhubaneswar: The Economic Offences Wing (EOW) of the Odisha Police Crime Branch has begun its probe into the financial fraud allegations against Jyoti Ranjan Beura alias ‘Golden Baba.’ Speaking about the probe, Crime Branch ADG Santosh Kumar Upadhyay said “Beura has defrauded one person of Rs 12.04 crore, whereas another fraud of Rs 4.05 crore […]

Bhubaneswar: Tightening its noose around Jyoti Ranjan Beura alias ‘Golden Baba’, the Commissionerate Police has recommended the Economic Offences Wing (EOW) of the Crime Branch to investigate alleged financial fraud against his name. The Twin City police has written the Crime Branch to probe into all angles of the financial fraud committed by Beura. The […]

EOW had registered an instant case based on the complaint filed by one Laxmi Narayan Mohapatra of Talcher.

Bhubaneswar: The Economic Offence Wing (EOW) of the Crime Branch arrested four persons in connection with a fraud worth Rs 1.22 crore at the Regional Medical Research Centre (RMRC) in Bhubaneswar. Out of the four arrested persons, two persons are non-Odia traders. As per reports, the fraud was executed using forged cheques and documents following […]

The accused was arrested from New Gana, a posh location in Kolkata, West Bengal on Sunday.

Bhubaneswar: The Economic Offences Wing (EOW) of the Crime Branch on Friday arrested Aman Charan Sahoo, the power of attorney holder of Seven Hills Estate limited on charges of duping investors to the tune of Rs 5 crore. EOW officials informed that the officials of Seven Hills Estate Ltd had duped nearly 200 people on […]

Bhubaneswar: The Economic Offences Wing (EOW) today arrested Deputy General Manager (DGM) of India Overseas Bank (IOB) on charges sanctioning loans to the tune of Rs 1.8 crore with help of fake documents. The accused has been identified as a Bimbhadhara Swain who reportedly served as branch manager in 2010 at an IOB branch located […]

Deogarh: The Economic Offences Wing (EOW) today arrested former BJD MLA of Deogarh, Sanjeev Kumar Pradhan on charges of misappropriation of money meant for compensation to the villagers displaced by the Rengali dam project. According to sources, crores of rupees were sanctioned for the villagers who lost their homes and land due to the Rengali […]

Bhubaneswar: The Economic Offences Wing (EOW) of Crime Branch (CB) on Tuesday arrested Kamalakant Pattnaik, founder of chit fund company Sai Pragati, accused of duping investors of crores of rupees. Pattnaik, who works as a traffic inspector in Transport Department was arrested from Bhubaneswar today. According to sources, the EOW took up the probe after […]